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Overview / Commentary
757-461-0300
JANAF Office Bldg Suite 513 5900 E Virginia Beach Blvd
Norfolk, VA 23502

Norfolk Schools Federal Credit Union is headquartered in Norfolk and is the 124th largest credit union in the state of Virginia. It is also the 5,340th largest credit union in the nation. It was established in 1936 and as of December of 2015, it had grown to 2 employees and 1,264 members at 1 location. Norfolk Schools Federal Credit Union has a C- health rating.

Field of Membership Restrictions

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Health
C-
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Norfolk Schools Federal Credit Union has a very low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #1185
Year Chartered1936
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-3.09%
Return on Equity - YTD-69.23%
Annual Interest Income$128.00K
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$3.0MM$2.9MM
LoansQ4 2015vs Q4 2014$1.7MM$1.4MM
DepositsQ4 2015vs Q4 2014$2.8MM$2.6MM
Equity CapitalQ4 2015vs Q4 2014$130.00K$219.00K
Loan Loss AllowanceQ4 2015vs Q4 2014$51.00K$11.00K
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$50.00K$23.00K
Real Estate OwnedQ4 2015vs Q4 2014$0$0
Rates

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Locations


Norfolk Schools Federal Credit Union Locations
Branch OfficeJANAF Office Bldg Suite 513 5900 E Virginia Beach BlvdNorfolk, VA 23502